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Public Profile
Services Auxiliary to Financial Intermediation
TH
updated 10 days ago

Scb X Pcl

Company website

SCB X PCL, officially known as Siam Commercial Bank X Public Company Limited, is a prominent financial institution headquartered in Thailand. Established in 1907, SCB X has evolved into a leading player in the banking and financial services industry, with a strong presence across Southeast Asia. The company offers a diverse range of services, including retail banking, corporate banking, and wealth management, distinguished by its innovative digital solutions. SCB X is recognised for its commitment to customer-centric services and technological advancements, positioning itself as a pioneer in the region. With a robust market position, SCB X has achieved significant milestones, including numerous awards for excellence in banking services. Its focus on sustainability and digital transformation continues to drive its growth and enhance its reputation in the competitive financial landscape.

DitchCarbon Score

How does Scb X Pcl's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

43

Industry Average

Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

30

Industry Benchmark

Scb X Pcl's score of 43 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.

67%

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Scb X Pcl's reported carbon emissions

In 2023, SCB X Public Company Limited reported total greenhouse gas emissions of approximately 11,518,000 kg CO2e for Scope 1 and about 53,866,000 kg CO2e for Scope 2. This reflects a significant increase in emissions compared to 2022, when Scope 1 emissions were about 7,514,000 kg CO2e and Scope 2 emissions were approximately 62,643,000 kg CO2e. The company has not disclosed any Scope 3 emissions data. SCB X has set ambitious climate commitments, aiming for a 42% reduction in Scope 1 and Scope 2 emissions by 2030, using 2023 as the base year. This target is part of their long-term strategy to achieve net-zero emissions across all scopes by 2050, as recognised by the Science Based Targets initiative (SBTi). The company’s portfolio targets cover 20% of its total investment and lending by total assets as of 2021, with required activities making up 25% of this total. As a financial institution based in Thailand, SCB X is committed to aligning its operations with the 1.5°C climate goal, demonstrating its dedication to sustainable practices within the banking sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

202120222023
Scope 1
7,588,000
0,000,000
00,000,000
Scope 2
11,154,000
00,000,000
00,000,000
Scope 3
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Scb X Pcl's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Scb X Pcl is in TH, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Scb X Pcl is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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